Cannabist Co Holdings Inc. Files 8-K on Asset Transaction

TL;DR

Cannabist Co Holdings Inc. completed an asset deal on 8/22/24. Details TBD.

AI Summary

On August 22, 2024, The Cannabist Company Holdings Inc. filed an 8-K report indicating the completion of an acquisition or disposition of assets. The filing does not specify the nature of the transaction, the counterparty, or any associated financial figures.

Why It Matters

This filing signals a significant corporate event for Cannabist Co Holdings Inc., potentially impacting its asset base and strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific details in this 8-K filing regarding the asset acquisition or disposition introduces uncertainty about the transaction's impact.

Key Players & Entities

• The Cannabist Company Holdings Inc. (company) — Registrant
• August 22, 2024 (date) — Date of Report
• Columbia Care Inc. (company) — Former Company Name

FAQ

Key Financial Figures

• $90 m — inia Members for total consideration of $90 million, subject to adjustments as set fo
• $20 million — a Closing Consideration, consisting of: $20 million in cash and $40 million of Class A subo
• $40 million — consisting of: $20 million in cash and $40 million of Class A subordinate voting shares of
• $30 million — n addition, the Virginia Buyer issued a $30 million promissory note, subject to adjustment,
• $1.75 million — Note is payable in monthly payments of $1.75 million for the first 12 months, and $750,000 f
• $750,000 — 75 million for the first 12 months, and $750,000 for the remaining months. The principa
• $9.9 m — izona Member for total consideration of $9.9 million, payable in cash, subject to adju
• $5.1 m — SWC Members for total consideration of $5.1 million, payable in cash, subject to adju

Filing Documents

• d877670d8k.htm (8-K) — 29KB
• d877670dex102.htm (EX-10.2) — 28KB
• 0001193125-24-204898.txt ( ) — 177KB
• ck0001776738-20240822.xsd (EX-101.SCH) — 2KB
• ck0001776738-20240822_lab.xml (EX-101.LAB) — 16KB
• ck0001776738-20240822_pre.xml (EX-101.PRE) — 10KB
• d877670d8k_htm.xml (XML) — 3KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1# Equity Purchase Agreement, dated July 29, 2024, among Verano Holdings, LLC, Verano Holdings Corp., Columbia Care Eastern Virginia LLC and the members of Columbia Care Eastern Virginia LLC and The Cannabist Company Holdings Inc. (incorporated by reference to Exhibit 10.1 of the Registrant's Form 8-K, filed with the SEC on July 31, 2024) 10.2 Verano Holdings, LLC Promissory Note 10.3# Equity Purchase Agreement, dated July 29, 2024, among Verano Arizona, LLC, 203 Organix L.L.C., CC VA HoldCo LLC, Columbia Care-Arizona, Prescott, L.L.C. and The Cannabist Company Holdings Inc. (incorporated by reference to Exhibit 10.3 of the Registrant's Form 8-K, filed with the SEC on July 31, 2024) 10.4# Equity Purchase Agreement, dated July 29, 2024, among Verano Arizona, LLC, Salubrious Wellness Clinic, Inc., CC VA HoldCo LLC, Thomas Allison, Columbia Care-Arizona, Prescott, L.L.C. and The Cannabist Company Holdings Inc. (incorporated by reference to Exhibit 10.4 of the Registrant's Form 8-K, filed with the SEC on July 31, 2024) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). # Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish a copy of any omitted schedule or exhibit to the SEC upon its request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE CANNABIST COMPANY HOLDINGS INC. By: /s/ David Sirolly Name: David Sirolly Title: Chief Legal Officer & General Counsel Date: August 22, 2024

View Full Filing

View this 8-K filing on SEC EDGAR